Gram Car Carriers Signs 5-year TC for Viking Destiny

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Gram Car Carriers ASA (“GCC”) is happy to report that it has agreed to a five-year timecharter with a significant international business player for the panamax ship Viking Destiny (6,700 CEU) as reported by Market Screener.

Future revenue

The contract increases the contract backlog’s future revenue by USD 118.6 million. The present timecharter for the vessel will continue in full force and effect beginning in March 2023 under the new timecharter.

GCC CEO Georg A. Whist made the following remarks: “In keeping with our strategy, we keep renewing contracts for our boats at dayrates and lengths that take into account the robust market fundamentals for vehicle shipping. The new timecharter contract increases GCC’s long-term revenue visibility and ability to offer enticing dividends because it is with a significant industry participant and a new customer.”

GCC now has 20% and 43% of revenue days open for 2023 and 2024, respectively, thanks to this new deal for Viking Destiny.

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Source: Market Screener

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